MKDVX vs. WFSPX

Last updated Jul 19, 2026

MKDVX (BlackRock Equity Dividend Fund Class K) and WFSPX (iShares S&P 500 Index Fund Class K) are both mutual funds - MKDVX is a Dividend fund actively managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. MKDVX is actively managed, while WFSPX is passively managed. Over the past 5 years, MKDVX returned 11.26%/yr vs 13.30%/yr for WFSPX. Their correlation of 0.81 suggests significant overlap in exposure. MKDVX charges 0.59%/yr vs 0.03%/yr for WFSPX.

Performance

MKDVX vs. WFSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Equity Dividend Fund Class K (MKDVX) and iShares S&P 500 Index Fund Class K (WFSPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MKDVX achieves a 14.91% return, which is significantly higher than WFSPX's 10.73% return.

MKDVX

• 1D: -0.67%
• 1M: 2.67%
• 6M: 11.48%
• YTD: 14.91%
• 1Y: 25.50%
• 3Y*: 15.95%
• 5Y*: 11.26%
• 10Y*: —

WFSPX

• 1D: -0.51%
• 1M: 0.51%
• 6M: 9.16%
• YTD: 10.73%
• 1Y: 21.00%
• 3Y*: 20.08%
• 5Y*: 13.30%
• 10Y*: 15.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MKDVX vs. WFSPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MKDVX BlackRock Equity Dividend Fund Class K	14.91%	21.87%	7.12%	12.79%	-3.81%	20.28%	4.12%	27.74%	-7.03%	15.62%
WFSPX iShares S&P 500 Index Fund Class K	10.73%	17.83%	24.94%	26.25%	-18.14%	28.63%	18.43%	31.45%	-4.83%	21.27%

Correlation

The correlation between MKDVX and WFSPX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.81

The correlation between MKDVX and WFSPX shifts across timeframes, from 0.70 (3 years) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MKDVX vs. WFSPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MKDVX

MKDVX Risk / Return Rank: 80
MKDVX Sharpe Ratio Rank: 82
MKDVX Sortino Ratio Rank: 79
MKDVX Omega Ratio Rank: 78
MKDVX Calmar Ratio Rank: 77
MKDVX Martin Ratio Rank: 84

WFSPX

WFSPX Risk / Return Rank: 57
WFSPX Sharpe Ratio Rank: 55
WFSPX Sortino Ratio Rank: 50
WFSPX Omega Ratio Rank: 52
WFSPX Calmar Ratio Rank: 57
WFSPX Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MKDVX vs. WFSPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund Class K (MKDVX) and iShares S&P 500 Index Fund Class K (WFSPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MKDVX	WFSPX	Difference
Sharpe ratio: Return per unit of total volatility	2.18	1.73	+0.45
Sortino ratio: Return per unit of downside risk	3.07	2.38	+0.69
Omega ratio: Gain probability vs. loss probability	1.39	1.31	+0.08
Calmar ratio: Return relative to maximum drawdown	2.86	2.44	+0.41
Martin ratio: Return relative to average drawdown	12.01	10.71	+1.30

MKDVX vs. WFSPX - Sharpe Ratio Comparison

The current MKDVX Sharpe Ratio is 2.18, which is comparable to the WFSPX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of MKDVX and WFSPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MKDVX vs. WFSPX - Drawdown Comparison

The maximum MKDVX drawdown since its inception was -35.91%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for MKDVX and WFSPX.

Drawdown Indicators

	MKDVX	WFSPX	Difference
Max Drawdown Largest peak-to-trough decline	-35.91%	-58.21%	+22.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.97%	-8.90%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-15.16%	-18.74%	+3.58%
Max Drawdown (5Y) Largest decline over 5 years	-18.03%	-24.51%	+6.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.74%	—
Current Drawdown Current decline from peak	-0.67%	-0.86%	+0.19%
Average Drawdown Average peak-to-trough decline	-4.12%	-12.73%	+8.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.03%	+0.10%

Volatility

MKDVX vs. WFSPX - Volatility Comparison

BlackRock Equity Dividend Fund Class K (MKDVX) and iShares S&P 500 Index Fund Class K (WFSPX) have volatilities of 3.42% and 3.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MKDVX	WFSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	3.26%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	10.00%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	12.55%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	16.98%	-2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	18.01%	-1.47%

MKDVX vs. WFSPX - Expense Ratio Comparison

MKDVX has a 0.59% expense ratio, which is higher than WFSPX's 0.03% expense ratio.

Dividends

MKDVX vs. WFSPX - Dividend Comparison

MKDVX's dividend yield for the trailing twelve months is around 6.62%, more than WFSPX's 1.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MKDVX BlackRock Equity Dividend Fund Class K	6.62%	10.35%	8.72%	7.21%	13.62%	12.27%	6.47%	13.26%	14.21%	14.49%	0.00%	0.00%
WFSPX iShares S&P 500 Index Fund Class K	1.65%	1.72%	1.41%	1.50%	2.02%	1.82%	1.66%	1.99%	2.00%	1.62%	2.37%	2.49%

Frequently Asked Questions

Can I hold both MKDVX and WFSPX in my portfolio?

MKDVX and WFSPX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MKDVX or WFSPX?

MKDVX has higher volatility (3.42%) compared to WFSPX (3.26%). In terms of maximum drawdown, MKDVX dropped -35.91% vs WFSPX's -58.21%.

Which has better risk-adjusted returns?

MKDVX currently has the higher Sharpe Ratio (2.18 vs 1.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.